“Very proactive on the part of the government, the much-needed lubricant is here.
What has hurt humanity and the world economy in recent times is not just the virus, but really the unpredictability it brought along and the resultant uncertainty that shrouds our future. Speaking of uncertainty, the entire RE sector was reeling under wide-spread and protracted liquidity crunch, which over the last 3 years cast a shadow upon under-construction projects.
Only such definitive moves from the government will bring back the missing mojo into our economy. Not just liquidity, this also brings back hope to all market participants. And we will soon see this trickling into greater consumer confidence and hopefully uptick in purchases in the near future.
While we await the specific guidelines for Real Estate, I will not comment upon the sufficiency of 5,000 cr., as it still is a great supply-side measure at absolutely the right time and we sense the direction in which the government is thinking as well as acting. Kudos!”